if u do the math many shorts have covered and probably flipped when ppl have time to do their homework on this stock i have no doubt they will start piling in huge upside vs little downside this stock has opened 5 - 10 dollars down in a day there is no reason it can't do the same on the upside hedge funds have covered their shorts saw a 50,000 go thru while watching this was a huge buy sign along with the 2 upgrades monday could be a great day.....internal audit will show no problem then where we be????? shorts were done at month end
I'm a long on DMMND. I see one downside: delayed earnings release. Like a needle before it hits-making me cringe. The positives are earnings growth, great balance sheet, and a 52 week high of $96+. The stock market always makes you pay with cash and TIME to harvest a gain. The short float is so high for a profitable company; its like a dam ready to burst at the seams.
Who has upgraded DMND recently--or are you suggesting this will happen Monday, Dec. 5??
I've only seen reiterations of existing calls.
For example, on 12/1, William Chappell of SunTrust reiterated his buy (with decent commentary) and kept his 75 price target which he assigned Nov 1. Chappell has been a perma DMND bull; he's had a Buy (with increasing targets) since 1/4/10. That was until 11/1/11 when he reduced his 90 buck target to 75.